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Litecoin (LTC) on the edge of mass adoption, the best time to invest

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Everybody in the cryptosphere is wondering which banks in the world are going to adopt a cryptocurrency for internal purposes (Stellar Lumens and Ripple’s XRP being the leading candidates) or which cryptocurrency will be chosen by banks as a viable option for clients and investors.

In this regard, everybody is thinking about Bitcoin, Ethereum and the top 7-10 big players in general. This trend of thinking only brings to the surface how unimaginative speculators are because nobody is thinking out of the box. What we mean is this: why is nobody wondering about which cryptocurrency project will buy its bank and disrupt both the financial and the crypto world?

Well, Charlie Lee, founder of Litecoin is thinking just that. Not just thinking. Mr. Lee used his Twitter account just a couple of days ago to announce that he is teaming up with TokenPay to buy a significant stake in Germany’s WEG bank. The idea behind this move is for Litecoin to get closer to terminal users, consumers, and give them an easy-to-use, and cheap way to get involved in Litecoins in real-life.

It’s a most exciting move. It’s creative, out-of-the-box, very ambitious and very intelligent. I’ve stated time and again that the most successful digital assets won’t necessarily be the ones with the best technology, the higher short-term price increases or any other of the usual parameters in which we measure a coin’s performance.

The cryptocurrencies that will take the market over will be those that find a way to be adopted in mass by solving real-life problems for real-life people. That is why projects like Stellar, Ripple or Tron have created so much interest despite the fact they’ve not been around for so long, and they’ve experienced bearish runs at times.

These are projects with a purpose. Stellar and Ripple aim to take over the international transfer market, while Tron wants to make the whole web decentralized by blockchain technology. And now, Litecoin seeks to become an everyday currency that you can use even without a computer, or without a digital wallet. Imagine you could apply for a Litecoin credit card or debit card and buy your cigarettes or visit Starbucks and pay it with Litecoin through your card.

This kind of development would give Litecoin (LTC) access to users with no digital expertise that doesn’t understand blockchain technology or the idea behind cryptocurrencies. It would connect a digital asset with average people in a way in which almost every current coin is very far away from achieving or even imagining. Of course, this kind of market penetration would give Litecoin a significant competitive advantage.

It would create the type of demand that doesn’t come from speculative forces but sheer everyday use by average people. End users won’t need to understand any technical concepts, they will see their transfer fees reduced dramatically, and they’ll love that for sure.

Litecoin (LTC) is all set to hit the moon

Let’s understand this clearly: so far the vast majority of crypto enthusiasts and investors are engineers, scientists, and IT people. If Litecon gets its way with this, then you could have construction workers, janitors and all kinds of people joining the cryptosphere, whether they know or understand it, or not. That would be nothing short of revolutionary.
This news alone makes the present a fascinating time to get a piece of the Litecoin action, but that’s not all.

Next August the mining difficulty for Litecoin will increase. It will change the game. Higher mining difficulty makes every block in the chain harder to calculate and thus the token production decreases. If this decrease in supply coincides with a boost in demand due to Litecoin’s real-life applications then it’s all Economics 101: the LTC price will skyrocket.

Then, on September, there’s the Litecoin global summit. As the event nears in time, hype and rumors about possible announcements will also boost its value. And who knows? There could be some significant announcements at that summit so we should all pay close attention.

So, in a nutshell: Litecoin (LTC) is developing the potential to become the first cryptocurrency that can be used by any non-technical average person anywhere in the world as a local currency that makes their lives easier, quicker, cheaper safer.

If the bank deal goes through then, Litecoin will become one of the most undervalued assets in the crypto markets, and it will rise steadily until it finds its correct balance point which could be as high as 1000 USD. Are you among those who had not taken Litecoin seriously so far? You should reconsider now. Are you among those who wanted to get into Litecoin but were somewhat undecided? Just dive in, this is the time to build your Litecoin (LTC) portfolio. Hurry up.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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